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To: GVTucker who wrote (716)	10/25/1999 3:12:00 PM
From: sks1	Read Replies (1) \| Respond to of 750

The bonds are offered @ 12 in size which makes your argument fairly moot imho. You might want to look at this a little more cautiously!! sks1

To: GVTucker who wrote (716)	10/25/1999 3:51:00 PM
From: FESHBACH_DISCIPLE	Respond to of 750

zavgren model even gives you percentage for example. Secondly it's significant when the offer is 8. My record can be checked,I do not lie. I'm just earlier than most. As for z-score it's way outdated replaced by logit analysis. Even altman now uses zeta score. Next quarter there is no retained earnings,working capital will be severely reduced due to the write off inventories which will be significant blah blah. And there is no way they can come up with 200 million by december 2001 to pay off credit line. So if your wasserstein you bite the bullet now. This company has never had any cash flow if you count the inventory buildup through the years. So here they are 1/2 the inventory turns and a writeoff coming. What does that tell you about the profitability of this concept? Negative retained earnings speak for themselves. Born to be early. enjoy